Forex Technical Analysis & Forecast: EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, Gold, Brent
EURUSD, “Euro vs US Dollar”
EURUSD is consolidating around 1.1818. If later the instrument breaks this range to the upside, the market may grow to reach 1.1876 and then fall towards 1.1857; if to the downside – resume falling inside the downtrend with the target at 1.1698.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is still consolidating around 1.3535. Today, the price may reach 1.3595 and then fall towards 1.3440. If later the instrument breaks this range to the upside, the market may start another correction to reach 1.3750; if to the downside – resume falling with the target at 1.3333.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is still consolidating. Possibly, today the price may fall to reach 0.9940 and then grow towards 1.0000. If later the instrument breaks this range to the downside, the market may start another correction to reach 0.9820; if to the upside – resume growing with the target at 1.0110.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is moving upwards. Today, the price may reach 111.04 upwards and then fall towards 110.50. Later, the market may form another ascending structure with the target at 111.21.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD continues consolidating below 0.7560. If later the instrument breaks this range to the upside, the market may start another growth to reach 0.7700; if to the downside – resume falling inside the downtrend with the target at 0.7310.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is moving downwards. Today, the price may fall towards 61.20, break it, and then continue forming the third descending wave with the target at 59.90.
XAUUSD, “Gold vs US Dollar”
Gold is consolidating near the lows. If later the instrument breaks this range to the upside, the market may start another correction to reach 1302.00; if to the downside – resume falling with the target at 1280.00.
BRENT
Brent has reached another upside target. Possibly, today the price may fall to reach 78.62 and then grow towards 81.60. Later, the market may start another decline with the target at 79.10.
Author
RoboForex Team
RoboForex
RoboForex Team is a group of professional financial experts with high experience on financial market, whose main purpose is to provide traders with quality and up-to-date market information.
